Nilam Resources Announces Letter of Intent to Acquire 24,800 Bitcoin

Nilam
Resources,
Inc.
(OTC
PINK:
NILA)
has
announced
its
entry
into
a
Letter
of
Intent
(LOI)
with
Xyberdata
Ltd
to
acquire
100%
of
the
common
stock
of
a
special
purpose
entity
called
MindWave.
The
entity
will
hold
24,800
Bitcoin,
which
will
serve
as
collateral
for
raising
capital
to
invest
in
high-yield
generating
projects.

Under
the
agreement,
Nilam
Resources,
Inc.
will
issue
a
newly
authorized
Preferred
Class
of
Series
C
Stock
in
exchange
for
the
24,800
Bitcoins
at
a
discounted
rate
relative
to
current
market
prices.
The
acquisition
of
MindWave,
a
special
purpose
entity
based
in
Mauritius,
will
bring
digital
assets,
including
the
24,800
Bitcoins,
under
the
ownership
of
Nilam
Resources,
Inc.
These
assets
will
be
utilized
to
raise
capital
for
strategic
investments.

The
successful
completion
of
this
acquisition
represents
a
significant
milestone
for
Nilam
Resources,
Inc.,
as
it
adds
over
a
billion
dollars
in
digital
assets
to
its
portfolio.
With
the
current
market
rally
and
the
growing
recognition
of
Bitcoin
as
the “Gold
Standard”
for
digital
transactions,
this
acquisition
aligns
with
Nilam
Resources’
vision,
mission,
and
core
values
of
transparency,
innovation,
and
sustainability.

Pranjali
More,
CEO
of
Nilam
Resources,
Inc.,
stated, “The
Company
and
team
have
been
working
diligently
over
the
last
several
months
to
finalize
all
agreements
and
due
diligence
necessary
to
proceed
to
a
legally
binding
Letter
of
Intent
(LOI).
With
this
transaction,
we
are
taking
a
step
towards
a
future
where
finance
is
inclusive
and
sustainable,
driving
positive
change
in
the
digital
economy.”

The
terms
and
provisions
of
the
acquisition
will
be
detailed
in
one
or
more
definitive
agreements.
It
is
expected
that
Nilam
Resources,
Inc.
will
acquire
a
100%
interest
in
MindWave,
making
it
a
subsidiary
of
the
company.
Shareholders
of
MindWave
will
exchange
their
equity
interest
for
a
new
class
of
Preferred
Shares
(Class
C)
authorized
and
issued
by
Nilam
Resources,
Inc.

The
newly
authorized
Preferred
Stock
(Class
C)
will
entitle
holders
to
conversion
rights
upon
listing
on
NASDAQ
or
another
national
exchange
or
upon
other
defined
liquidity
events.
These
shares
will
be
issued
pro
rata
to
the
shareholders.
All
shares
of
Preferred
Stock
Class
C
issued
pursuant
to
the
transactions
contemplated
hereby
shall
be
considered “restricted
securities”
as
defined
in
Rule
144
under
the
Securities
Act
of
1933,
as
amended.

This
strategic
partnership
between
Nilam
Resources,
Inc.
and
Xyberdata
Ltd.,
a
leading
player
in
global
connectivity
services,
brings
together
expertise
in
fintech
and
connectivity.
The
collaboration
aims
to
leverage
the
synergies
of
both
companies
and
drive
innovation
in
the
industry.

As
the
agreement
progresses,
Nilam
Resources,
Inc.
will
continue
to
work
closely
with
Xyberdata
Ltd.
to
ensure
a
smooth
and
successful
acquisition
process.
The
completion
of
this
acquisition
will
position
Nilam
Resources,
Inc.
as
a
key
player
in
the
crypto
market,
further
strengthening
its
portfolio
and
contributing
to
its
growth.

Nilam
Resources,
Inc.
is
an
investment
holding
company
that
focuses
on
innovation
and
strategic
evolution.
With
a
diversified
portfolio
spanning
various
verticals,
including
FinTech,
MedTech,
ClimateTech,
and
more,
the
company
aims
to
generate
returns
on
its
investments
while
contributing
to
the
growth
of
frontier
technologies
and
applications.

Xyberdata,
formerly
known
as
101
Systems
Ltd,
is
a
leading
global
connectivity
services
provider.
With
its
extensive
network
spanning
continents,
Xyberdata
ensures
seamless
connectivity
for
its
clients.
The
company’s
services
are
relied
upon
by
carriers
worldwide
for
their
business-critical
operations.

Image
source:
Shutterstock